Smart Data Collective

MAY 1, 2022

In this age of the internet, we come across enough text that will cost us an entire lifetime to read. This problem will not stop as more documents and other types of information are collected and stored. If data had to be sorted manually, it would easily take months or even years to do it. What is text analysis?

Unstructured Data 121

Unstructured Data Cost-Benefit Machine Learning Marketing 121

CIO Business Intelligence

OCTOBER 3, 2023

These tools bring benefits beyond automation. Typically these would include: • Process discovery: comprises process mining to identify bottlenecks and inefficiencies and task mining to identify user interactions in process, enabling those processes for which automation will deliver maximum benefits to be given priority.

Cost-Benefit 122

Cost-Benefit Machine Learning Interactive Software 122

CIO Business Intelligence

SEPTEMBER 29, 2023

That’s because vast, real-time, unstructured data sets are used to build, train, and implement generative AI. Key results included a 30x reduction in the number of missed fraud transactions with a 3x reduction in hardware cost. Regulatory compliance. Automation.

Finance 133

Finance Unstructured Data Risk Cost-Benefit 133

CIO Business Intelligence

OCTOBER 2, 2024

And the other is retrieval augmented generation (RAG) models, where pieces of data from a larger source are vectorized to allow users to “talk” to the data. For example, they can take a thousand-page document, have it ingested by the model, and then ask the model questions about it.

Management 141

Management Data Governance Cost-Benefit Structured Data 141

Smart Data Collective

AUGUST 30, 2022

The sudden growth is not surprising, because the benefits of the cloud are incredible. Cloud technology results in lower costs, quicker service delivery, and faster network data streaming. It also allows companies to offload large amounts of data from their networks by hosting it on remote servers anywhere on the globe.

Technology 135

Technology Enterprise Cost-Benefit Testing 135

Smart Data Collective

DECEMBER 21, 2020

We previously talked about the benefits of data analytics in the insurance industry. One report found that big data vendors will generate over $2.4 Key benefits of AI include recognizing speech, identifying objects in an image, and analyzing natural or unstructured data forms. Capturing data from documents.

Insurance 136

Insurance Cost-Benefit Big Data Unstructured Data 136

bridgei2i

AUGUST 2, 2020

There are documents including images, emails etc. In the post-COVID world, tasks requiring people gathering together in one location and manual processes such as physical verification of claim or printed copies of documents to be authenticated would be seriously called into question. that need to be checked.

Digital Transformation 95

Digital Transformation Insurance Unstructured Data Cost-Benefit 95

Ontotext

JULY 12, 2024

The bundle focuses on tagging documents from a single data source and makes it easy for customers to build smart applications or support existing systems and processes. It comes with significant cost advantages and includes software installation, support, and maintenance from one convenient source for the full bundle.

Enterprise 59

Enterprise Cost-Benefit Metadata Data Integration 59

CIO Business Intelligence

NOVEMBER 1, 2023

The real benefit may be in the governance capabilities rather than the collaboration. Until now maintaining a “clean core” was considered its own reward, with benefits including easier annual upgrades and simplified system maintenance, but now SAP is offering to reward enterprises with additional credits for BTP usage.

Enterprise 132

Enterprise Cost-Benefit Unstructured Data Software 132

Ontotext

MAY 22, 2023

At the heart of such tools is the extraction of fields from forms or specific attributes from documents. LLMs do most of this better and with lower cost of customization. Luckily, the text analysis that Ontotext does is focused on tasks that require complex domain knowledge and linking of documents to reference data or master data.

Management 59

Management Unstructured Data Metadata Cost-Benefit 59

CIO Business Intelligence

JANUARY 16, 2024

At Fidelity, early returns are proving fruitful for cost savings and increased efficiencies, said Vipin Mayar, the finserv’s head of AI innovation, at the Chief AI Officer Summit in Boston in December. More benefit may come from a process or technology improvement instead of broad application of AI to ‘fix’ problems,” he says.

Cost-Benefit 130

Cost-Benefit Unstructured Data Enterprise Technology 130

IBM Big Data Hub

NOVEMBER 10, 2023

Behind the scenes, a complex net of information about health records, benefits, coverage, eligibility, authorization and other aspects play a crucial role in the type of medical treatment patients will receive and how much they will have to spend on prescription drugs.

Cost-Benefit 95

Cost-Benefit Insurance Consulting Unstructured Data 95

CIO Business Intelligence

AUGUST 21, 2024

The previous state-of-the-art sensors cost tens of thousands of dollars, adds Mattmann, who’s now the chief data and AI officer at UCLA. Then there’s the risk of malicious code injections, where the code is hidden inside documents read by an AI agent, and the AI then executes the code.

Risk 136

Risk Insurance Cost-Benefit Software 136

Cloudera

NOVEMBER 14, 2023

According to the Center for American Progress , “The costs to the US associated with childhood poverty total about $500 billion per year, or the equivalent of nearly 4 percent of GDP.” percent of GDP Raises the costs of crime by 1.3 They state the annual effects of childhood poverty: Reduces productivity and economic output by about 1.3

Cost-Benefit 73

Cost-Benefit Unstructured Data Data-driven Risk 73

Octopai

MARCH 22, 2023

This makes it an ideal platform for organizations that handle sensitive data. Cost: Snowflake’s pricing model is based on usage, which means you only pay for what you use. This can be more cost-effective than traditional data warehousing solutions that require a significant upfront investment.

Cost-Benefit 103

Cost-Benefit Data Warehouse Unstructured Data Optimization 103

Cloudera

JUNE 22, 2023

These dis-integrated resources are “data platforms” in name only: in addition to their high maintenance costs, their lack of interoperability with other critical systems makes it difficult to respond to business change. The top-line benefits of a hybrid data platform include: Cost efficiency. Simplified compliance.

Cost-Benefit 64

Cost-Benefit Digital Transformation Data Governance Unstructured Data 64

CIO Business Intelligence

SEPTEMBER 30, 2024

Sanjeev Kumar, vice president and chief data and analytics officer at Gainwell Technologies, a provider of healthcare technology services for state governments, also has seen the power of AI in his company. Such statistics don’t tell the whole story, though, says Beatriz Sanz Sáiz, EY’s global consulting data and AI leader.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

AWS Big Data

MARCH 25, 2024

A RAG-based generative AI application can only produce generic responses based on its training data and the relevant documents in the knowledge base. For example, Amazon DynamoDB provides a feature for streaming CDC data to Amazon DynamoDB Streams or Kinesis Data Streams.

Data Lake 97

Data Lake Unstructured Data Management Snapshot 97

erwin

JUNE 26, 2020

A data catalog uses metadata, data that describes or summarizes data, to create an informative and searchable inventory of all data assets in an organization. Why You Need a Data Catalog – Three Business Benefits of Data Catalogs. Ensures regulatory compliance.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 132

IBM Big Data Hub

AUGUST 1, 2023

Organizations that utilize them correctly can see a myriad of benefits—from increased operational efficiency and improved decision-making to the rapid creation of marketing content. But what makes the generative functionality of these models—and, ultimately, their benefits to the organization—possible?

Modeling 55

Modeling Cost-Benefit Machine Learning Data Lake 55

Cloudera

NOVEMBER 18, 2021

Every one of our 22 finalists is utilizing cloud technology to push next-generation data solutions to benefit the everyday people who need it most – across industries including science, health, financial services and telecommunications. taxpayer details and needs to quickly analyze petabytes of data across hundreds of servers.

Data Lake 76

Data Lake Cost-Benefit Digital Transformation Risk 76

O'Reilly on Data

SEPTEMBER 19, 2023

.” Consider the structural evolutions of that theme: Stage 1: Hadoop and Big Data By 2008, many companies found themselves at the intersection of “a steep increase in online activity” and “a sharp decline in costs for storage and computing.” A single document may represent thousands of features.

Machine Learning 253

Machine Learning Testing Modeling Cost-Benefit 253

Ontotext

JANUARY 6, 2021

According to this article , it costs $54,500 for every kilogram you want into space. It has been suggested that their Falcon 9 rocket has lowered the cost per kilo to $2,720. They were facing three different data silos of half a million documents full of clinical study data.

Metadata 59

Metadata Unstructured Data Cost-Benefit Enterprise 59

Alation

FEBRUARY 13, 2020

At some level, every enterprise is struggling to connect data to decision-making. In The Forrester Wave: Machine Learning Data Catalogs, 36% to 38% of global data and analytics decision makers reported that their structured, semi-structured, and unstructured data each totaled 1,000 TB or more in 2017, up from only 10% to 14% in 2016.

ROI 52

ROI Cost-Benefit Unstructured Data Data Lake 52

datapine

JUNE 5, 2019

Without the existence of dashboards and dashboard reporting practices, businesses would need to sift through colossal stacks of unstructured data, which is both inefficient and time-consuming. A data dashboard assists in 3 key business elements: strategy, planning, and analytics. Legacy Data Solutions.

Dashboards 316

Dashboards KPI Sales Visualization 316

Smart Data Collective

NOVEMBER 20, 2022

Statistics reveal that hiring a new employee costs half or two times the employee’s salary. Apart from interaction, one can store data, share documents, schedule voice and video calls, and do much more. Improves data management and productivity. More than a decade ago, economies were hit by the Great Recession.

Technology 124

Technology Unstructured Data Strategy Cost-Benefit 124

Ontotext

NOVEMBER 2, 2023

Unlocking additional value from data requires context, relationships, and structure, none of which are present in the way most organizations store their data today. Solution to the Data Dilemma The good news is that the solution to this data dilemma is actually quite simple.

IT 69

IT Cost-Benefit Data-driven Technology 69

CIO Business Intelligence

SEPTEMBER 21, 2023

It doesn’t matter how accurate an AI model is, or how much benefit it’ll bring to a company if the intended users refuse to have anything to do with it. ML was used for sentiment analysis, and to scan documents, classify images, transcribe recordings, and other specific functions. Then gen AI came out.

Enterprise 130

Enterprise Consulting Modeling Cost-Benefit 130

erwin

AUGUST 15, 2022

For NoSQL, data lakes, and data lake houses—data modeling of both structured and unstructured data is somewhat novel and thorny. This blog is an introduction to some advanced NoSQL and data lake database design techniques (while avoiding common pitfalls) is noteworthy. A sample data warehousing project.

Data Lake 52

Data Lake Modeling Unstructured Data Data Warehouse 52

CIO Business Intelligence

JULY 14, 2023

While you can power your own copilot using any internal data, which immediately improves the accuracy and decreases the hallucination, when you add vector support, it’s more efficient retrieving accurate information quickly,” Microsoft AI platform corporate VP John Montgomery says. Some are general, others more targeted.

Modeling 98

Modeling Machine Learning Cost-Benefit B2B 98

IBM Big Data Hub

AUGUST 28, 2023

With nearly 5 billion users worldwide—more than 60% of the global population —social media platforms have become a vast source of data that businesses can leverage for improved customer satisfaction, better marketing strategies and faster overall business growth. What is text mining?

Data mining 53

Data mining Machine Learning Deep Learning Marketing 53

Smart Data Collective

JUNE 7, 2019

What is Big Data? Big Data is defined as a large volume of structured and unstructured data that a business comes across their day-to-day operations. However, the amount of data isn’t really a big deal. What’s important is the way organizations handle this data for the benefit of their businesses.

Big Data 82

Big Data Marketing Cost-Benefit Unstructured Data 82

FineReport

APRIL 26, 2023

A company’s ability to collect and handle big data effectively is directly related to its growth rate, as big data offers numerous advantages that cannot be ignored. Market Insight : Analyzing big data can help businesses understand market demand and customer behavior. Another key benefit of FineReport is its flexibility.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

CIO Business Intelligence

AUGUST 17, 2023

It’s made my life easier because it allows me to write documents and make them richer, but if you rely on this beast it can bite you. That said, I believe once these barriers are overcome, benefits-led implementation will be swift.” This is true across both public and independent sectors.

Risk 98

Risk Cost-Benefit Strategy Unstructured Data 98

Ontotext

MARCH 18, 2020

According to an article in Harvard Business Review , cross-industry studies show that, on average, big enterprises actively use less than half of their structured data and sometimes about 1% of their unstructured data.

Enterprise 59

Enterprise B2B Unstructured Data Machine Learning 59

Smart Data Collective

SEPTEMBER 26, 2019

Unstructured. Unstructured data lacks a specific format or structure. As a result, processing and analyzing unstructured data is super-difficult and time-consuming. Semi-structured data contains a mixture of both structured and unstructured data. Role of Software Development in Big Data.

Big Data 80

Big Data Software Unstructured Data Data Integration 80

Alation

APRIL 6, 2023

Data governance is traditionally applied to structured data assets that are most often found in databases and information systems. This blog focuses on governing spreadsheets that contain data, information, and metadata, and must themselves be governed. How do spreadsheet users benefit from Alation Connected Sheets ?

Data Governance 52

Data Governance Metadata Cost-Benefit Structured Data 52